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Arrangement to pay - Scottish Power
Morning, Earlier last year I spoke to Scottish Power as we were in about £1k of energy debt - issues with meter readings, direct debits etc ( long story). They were actually helpful and said that we could pay it back over time - they set up a payment plan and all was good. Last night I checked my credit file and noticed…
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DMP Problem
Hi, New to the forum, so bare with. I’ve been on a DMP for a few years not and I am about 75% done with it. However, I’ve made a really stupid mistake a few weeks ago. My parents are retired and they’ve asked me for a loan which they weren’t eligible for due to being retired I presume. They’d pay me back monthly and that…
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Newbie, please help? (SOA inc)
Hello everyone, I want to take control of my finances and sort myself out. I am currently in quite a bit of debt and unable to pay my monthly minimum payments. I have been lurking on the forum for a few weeks and have decided to stop payments this month on my *unsecured* debts (credit cards/loans/store card) so I can wait…
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HELP
Hi, Please excuse me as I’m completely out of my comfort zone, but I’m not not sleeping due to the worry of building debt. 😥 I have a credit card that is currently at 4,000 and my interest alone is over £100 a month, I can barely afford to pay over £100 but I make sure I do to avoid any further charges etc, this means I’m…
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Eon Next Default and Duplicate Account on Credit File
I’ve been checking my credit file and Eon Next have registered a default against my file for an overdue electricity account at my previous address. I have Eon Next my new address when I moved, and gave them the final meter reading and they issued a final bill, all of which I have email evidence of. However, the default on…
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0% debt management
I took a loan for 6k 18 months ago at 7.5%. I now owe 3k, if I settle. The question is Can I pay the 3k with a credit card and then transfer to a 0% CC, which has a 3% fee? Or is there a clause stopping regular debt being paid for with CC? If I'm correct and I continue to pay the same monthly fee (approx 185) then I should…
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Help gratefully received!
Hi all, first time poster as have rather buried heads in sand up until this point. Due to a variety of circumstances we find ourselves with a pretty huge debt and wondered your collective thoughts on the best approach. Have considered a DMP but worried about the long term impacts this may have, although appreciate this…
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CCA requests results
With step change since 2010 - learnt about CCAs recently so sent off for these - results are back for most . All debt been sold to other companies over the years 3 accounts from Link - unable to comply with request within 12 day time frame - although account unenforceable outstanding balance remains collectible 1 account…
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Is 25 the Right Age to Buy Term Insurance? Seeking Advice!
Hi everyone, I’m 25 years old and recently started thinking about buying a term insurance plan. I’ve heard it’s a good idea to secure coverage early when premiums are lower, but I’m unsure if now is the right time for me. I’m looking for a term plan that offers comprehensive coverage, preferably with critical illness…
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Debt - ashamed and disgusted
It's taken me a long time time to get to where i am today, to try and unstick my head from in the sand. I have decades of poor decisions, frivolous pending, poor budgeting, life problems and everything else in between. A lot problems stem from when i was married with (3) young children; we had a fairly big mortgage,…
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To consolidate credit cards?
I need some advice on debt consolidation. Please read our circumstances to see if it is appropriate. Debt amount £19k -13k CC £665 minimum per month -6k on two other cards £380 minimum 0% periods have ended and I am not eligible for any others to balance transfer due to high credit utilisation Take home: -I earn a 1.5k as…
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Some advice please. £75k Bankruptcy only option?
I’m in a tough spot financially and looking for advice. I think bankruptcy might be my only way forward, but I’d really appreciate hearing from others who’ve been through similar situations or know what to do. Here’s what’s going on: * Debt Situation: I owe around £75,000 across multiple creditors, and my monthly…
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In debt - how best to pay off credit cards and what to do re mortgage port
Dear all - I'm hoping for some insights into the best way to utilise a £20,000 loan from my stepfather, to enable us to port our mortgage. Here is the detail: After years of over-spending which we have stopped, we have serious credit card debt, including one card on a payment plan wiht MBNA. The debts are all on high…
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Lowells et al
hi guys hope your all doing well, its been a year since i stopped paying and all debts are in default, most have been sold to lowell cabot and pra and m&s is still with moorcroft and not sold pra and cabot are offering discounts, lowell is getting quite agressive and threatening court action as i didnt respond in the last…
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Charging order/Restriction on property
Hello, In 2014 I lost my business (sole trader) and was declared bankrupt. A charging order /restriction was placed on a property I jointly own with my ex wife. Since then I have been in constant employment, with not great pay Is it possible to remove or discharge the order from the property?
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Lowell claims I owe them outstanding debt
Hi all, bit of a newbie here! After umpteen calls and text msgs from Lowell early in the year [ignored]; just received a letter from Lowell citing that I have outstanding debt with them for £xxx.xx with O2 (UK Ltd). However I have not been with O2 for many years since the release of the iPhone 3G I think (well over 10…
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Best Lowell Strategy
My name is K and I’m 30 years old. At 18 I got my first full time job and was given credit cards and loans, by 19 I defaulted all of them and ruined my credit so I stopped caring about credit for many years after countless CCJ’s. Fast forward to last year after many years of having no credit available, I realised the CCJ’s…
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CC debt
Hi .. I’ve been on here before with regards to trying to get debt free .. someone suggested a website where you can add up all your debt and it shows you what you should pay first ? Does anyone know what’s it’s called thank you in advance :)
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Decree/debt/gambling
Hi, looking for advice. I have not paid my debts in 5 months due to health reasons being out of work. I have defaulted on every credit line which all racks up to £41,000 I have had issues with gambling because of lack of funds which I have now gamstopped but still have transactions from last month and don’t know if i will…
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Nat West Debt Collection
I need some advice regarding a debt my Mum had inherited from my Dad. My Dad died last year. He had 3 debts with Nat West Bank - one for a loan, and two for two separate bank accounts that were overdrawn. These debts were all in joint names with my Mum. We were aware of the loan debt but not the bank accounts. My Mum had…
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